EUR/USD Price Analysis: Interim hurdle aligns at 1.2173/92

EUR/USD retakes the 1.21 mark and beyond on Thursday.
Minor hurdles emerge in the 1.2173/92 band so far.

Pablo Piovano FXStreet

EUR/USD manages to reclaim the area above the 1.2100 level on Thursday amidst a broad-based selling bias in the greenback.

If the rebound gathers extra steam, then the next interim hurdle emerges at the Fibo retracement (of the November-January rally) at 1.2173 ahead of the 21-day SMA, today at 1.2192. Further up, there are no relevant levels until the YTD peaks in the 1.2350 zone.

On the broader picture, the constructive stance in EUR/USD remains unchanged while above the critical 200-day SMA, today at 1.1620.

Looking at the monthly chart, the (solid) breakout of the 2008-2020 line is a big bullish event and should underpin the continuation of the current trend in the longer run.

EUR/USD daily chart

EUR/USD

Overview
Today last price	1.2149
Today Daily Change	50
Today Daily Change %	0.35
Today daily open	1.2107

Trends
Daily SMA20	1.2199
Daily SMA50	1.2099
Daily SMA100	1.1935
Daily SMA200	1.1628

Levels
Previous Daily High	1.2158
Previous Daily Low	1.2077
Previous Weekly High	1.2227
Previous Weekly Low	1.2077
Previous Monthly High	1.231
Previous Monthly Low	1.1924
Daily Fibonacci 38.2%	1.2108
Daily Fibonacci 61.8%	1.2127
Daily Pivot Point S1	1.207
Daily Pivot Point S2	1.2033
Daily Pivot Point S3	1.1988
Daily Pivot Point R1	1.2151
Daily Pivot Point R2	1.2196
Daily Pivot Point R3	1.2233

Author

Pablo Piovano

FXStreet

Born and bred in Argentina, Pablo has been carrying on with his passion for FX markets and trading since his first college years.

EUR/USD trims gains, back below 1.1800

EUR/USD now loses some upside momentum, returning to the area below the 1.1800 support as the Greenback manages to regain some composure following the SCOTUS-led pullback earlier in the session.

GBP/USD off highs, recedes to the sub-1.3500 area

Following earlier highs north of 1.3500 the figure, GBP/USD now faces some renewed downside pressure, revisiting the 1.3490 zone as the US Dollar manages to regain some upside impulse in the latter part of the NA session on Friday.

Gold climbs to weekly tops, approaches $5,100/oz

Gold keeps the bid tone well in place at the end of the week, now hitting fresh weekly highs and retargeting the key $5,100 mark per troy ounce. The move higher in the yellow metal comes in response to ongoing geopolitical tensions in the Middle East and modest losses in the US Dollar.